Ireland: First and Second Reviews Under the Extended Arrangement and Request for Rephasing of the Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners); Staff Supplement; and Press Release on the Executive Board Discussion.
May 20, 2011
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Ireland has made progress in overcoming the economic crisis. The new coalition government’s strategy for restoring sustained growth, sound public finances, and job creation has been put forward in the context of the European Union/IMF-supported program. On this basis, the government adopted a comprehensive strategy to reorganize and deleverage domestic banks, and to strengthen their capital base. Steadfast implementation of policies coupled with support from a comprehensive European plan will foster Ireland's economy.
Subject: Banking, Commercial banks, Credit, Financial institutions, Fiscal consolidation, Fiscal policy, Loans, Money, Public debt
Keywords: budget neutrality, Commercial banks, CR, Credit, european financial stability facility, financing, financing package, Fiscal consolidation, IMF-supported program, increase in capital spending, Ireland's IMF quota, ISCR, Loans, spending
Pages:
89
Volume:
2011
DOI:
Issue:
109
Series:
Country Report No. 2011/109
Stock No:
1IRLEA2011002
ISBN:
9781455290642
ISSN:
1934-7685
